Oil Frenzy

No major hurdles or data... No announcements of FED, ECB or other institutions. Indices were going nowhere (very tight ranges across the board) and someone decided he/she had enough of it. Oil started to dive hard and it actually caused a tiny reaction in indices. Metals did go down together with oil for bigger losses (see below).

No major changes in indices, a small pullback would be welcome and would set us up for higher prices in the future.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
A huge move in oil seemed to trigger some selling pressure along the board. Nothing major for indices or the euro (flat), but metals got hit. Copper lost 2.2%, silver 1.8% and gold was down 0.8%.
Whatever happened in oil (SPR-release rumors, fat finger trade,...), I don't know for sure. What I do know is that oil went +4% lower in a matter of minutes. It ended the day down 3%.